CMA (Certified Management Accountant) Practice Questions Practice Test
Frequently asked questions
How many CMA (Certified Management Accountant) Practice Questions practice questions are here?+
A full bank of original CMA (Certified Management Accountant) Practice Questions practice questions across the official content areas, weighted like the real exam, with explanations. Free, no signup.
What is the CMA (Certified Management Accountant) Practice Questions exam like?+
A multiple-choice exam. Practice by topic here, then take the full timed mock exam to gauge readiness.
Are these the real exam questions?+
No. Every question is 100% original, written from public primary sources with explanations. We never copy real exam questions or paid prep material.
Can I study in Chinese or Spanish?+
PrepPass practice is in English, 中文 and Español. The official exam is in English — switch the question language to English any time to rehearse the exact terminology you'll see on test day.
Sample practice questions
A few real questions from this free bank, with full explanations. Use the practice tool above for the whole set.
- 1. Planning, Budgeting & Forecasting
A flexible budget differs from a static budget because it:
- a.Ignores variable costs
- b.Is prepared only after the year ends
- c.Adjusts budgeted amounts for the actual level of activity
- d.Never changes
Answer: c
Explanation: A flexible budget flexes budgeted costs to the actual activity level.
- 2. Planning, Budgeting & Forecasting
A budget prepared assuming no prior-year baseline, justifying every expense, is:
- a.Incremental budgeting
- b.Capital budgeting
- c.Zero-based budgeting
- d.Flexible budgeting
Answer: c
Explanation: Zero-based budgeting justifies all expenses from a zero base.
- 3. Performance Management
A favorable variance generally means actual results were:
- a.Not measurable
- b.Worse than budget
- c.Exactly on budget
- d.Better than the budgeted/standard amount
Answer: d
Explanation: A favorable variance means performance beat the standard or budget.
- 4. Performance Management
Return on investment (ROI) for a division is generally:
- a.Cash divided by liabilities
- b.Operating income divided by invested capital
- c.Total assets only
- d.Sales minus expenses
Answer: b
Explanation: ROI relates a division's income to the capital invested to earn it.
- 5. Cost Management
Contribution margin equals sales revenue minus:
- a.Variable costs
- b.Taxes
- c.All fixed costs
- d.Depreciation
Answer: a
Explanation: Contribution margin is sales minus variable costs; it covers fixed costs and profit.
- 6. Cost Management
A cost that stays constant in total as activity changes (within a range) is a:
- a.Fixed cost
- b.Marginal cost
- c.Opportunity cost
- d.Variable cost
Answer: a
Explanation: Fixed costs remain constant in total over the relevant range.
- 7. Internal Controls
Segregation of duties is an internal control that:
- a.Increases fraud risk
- b.Speeds up all transactions
- c.Prevents one person from controlling all parts of a transaction
- d.Eliminates the need for audits
Answer: c
Explanation: Separating authorization, recording, and custody reduces fraud and error risk.
- 8. Internal Controls
A preventive control is designed to:
- a.Correct past errors
- b.Report to regulators
- c.Detect errors after they occur
- d.Stop errors or fraud before they happen
Answer: d
Explanation: Preventive controls aim to stop problems before they occur.
- 9. Financial Statement Analysis
The current ratio measures:
- a.Market value
- b.Long-term leverage
- c.Profitability
- d.Short-term liquidity (current assets to current liabilities)
Answer: d
Explanation: Current ratio = current assets / current liabilities, a liquidity measure.
- 10. Financial Statement Analysis
Gross profit margin equals gross profit divided by:
- a.Equity
- b.Total assets
- c.Sales revenue
- d.Net income
Answer: c
Explanation: Gross margin = gross profit / sales.